#1
Which economic model does China follow?
Socialism with Chinese characteristics
ExplanationChina follows a socialist economic model with unique characteristics tailored to its market.
#2
What is the main driver of India's economic growth?
Services
ExplanationIndia's economic growth is primarily driven by its services sector, including IT, healthcare, and finance.
#3
Which currency is used in China?
Yuan
ExplanationThe currency used in China is the Yuan, also known as Renminbi (RMB).
#4
Which Indian state is known as the 'Silicon Valley of India'?
Karnataka
ExplanationKarnataka is known as the 'Silicon Valley of India' due to its thriving IT industry.
#5
Which economic reform is associated with Deng Xiaoping in China?
Four Modernizations
ExplanationDeng Xiaoping is associated with the Four Modernizations program, focusing on agriculture, industry, science, and technology.
#6
What is the primary focus of India's 'Make in India' initiative?
Boosting manufacturing
ExplanationThe 'Make in India' initiative aims to boost manufacturing in India and promote domestic production.
#7
Who introduced the economic liberalization policies in India in the 1990s?
Manmohan Singh
ExplanationManmohan Singh, as the Finance Minister, introduced economic liberalization policies in India in the 1990s.
#8
What is the main objective of China's Belt and Road Initiative (BRI)?
Building infrastructure and connectivity
ExplanationThe main objective of the Belt and Road Initiative is to build infrastructure and improve connectivity between countries.
#9
Which economic reform in India aimed at simplifying the indirect tax structure?
Goods and Services Tax (GST)
ExplanationThe Goods and Services Tax (GST) aimed at simplifying India's indirect tax structure by replacing multiple taxes with a single tax.
#10
Which sector contributes the most to China's GDP?
Services
ExplanationThe services sector contributes the most to China's GDP, followed by industry and agriculture.
#11
In which year did China become a member of the World Trade Organization (WTO)?
2001
ExplanationChina became a member of the World Trade Organization (WTO) in 2001.
#12
Which sector in India has been a major contributor to employment but faces issues like low productivity and informality?
Agriculture
ExplanationAgriculture is a major contributor to employment in India but faces challenges like low productivity and informality.
#13
What is the 'One Child Policy' associated with in China?
Population control
ExplanationThe 'One Child Policy' was a population control policy in China, limiting most urban couples to only one child.
#14
Which Chinese leader initiated the 'Four Modernizations' program?
Deng Xiaoping
ExplanationDeng Xiaoping initiated the 'Four Modernizations' program in China, focusing on agriculture, industry, science, and technology.